<SEC-DOCUMENT>0001962726-25-000007.txt : 20251210
<SEC-HEADER>0001962726-25-000007.hdr.sgml : 20251210
<ACCEPTANCE-DATETIME>20251210174647
ACCESSION NUMBER:		0001962726-25-000007
CONFORMED SUBMISSION TYPE:	144
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251210
DATE AS OF CHANGE:		20251210

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SHOPIFY INC.
		CENTRAL INDEX KEY:			0001594805
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		ORGANIZATION NAME:           	06 Technology
		EIN:				000000000
		STATE OF INCORPORATION:			Z4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		144
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	001-37400
		FILM NUMBER:		251562928

	BUSINESS ADDRESS:	
		STREET 1:		151 O'CONNOR STREET
		STREET 2:		GROUND FLOOR
		CITY:			OTTAWA
		STATE:			A6
		ZIP:			K2P 2L8
		BUSINESS PHONE:		613-241-2828

	MAIL ADDRESS:	
		STREET 1:		151 O'CONNOR STREET
		STREET 2:		GROUND FLOOR
		CITY:			OTTAWA
		STATE:			A6
		ZIP:			K2P 2L8

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Shannan Tobyn
		CENTRAL INDEX KEY:			0001962726
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		144

	MAIL ADDRESS:	
		STREET 1:		C/O SHOPIFY, INC.
		STREET 2:		151 O'CONNOR STREET, GROUND FLOOR
		CITY:			OTTAWA
		STATE:			Z4
		ZIP:			K2P 2L8
</SEC-HEADER>
<DOCUMENT>
<TYPE>144
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <!-- Generated by Workiva -->
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001962726</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001594805</issuerCik>
      <issuerName>Shopify Inc.</issuerName>
      <secFileNumber>001-37400</secFileNumber>
      <issuerAddress>
        <com:street1>151 O'Connor St.</com:street1>
        <com:street2>Ground Floor</com:street2>
        <com:city>Ottawa</com:city>
        <com:stateOrCountry>A6</com:stateOrCountry>
        <com:zipCode>K2P 2L8</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>6132412828</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Toby Shannan</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>RBC Dominion Securities Inc.</name>
        <address>
          <com:street1>45 O'Connor Street</com:street1>
          <com:street2>Suite 900</com:street2>
          <com:city>Ottawa</com:city>
          <com:stateOrCountry>A6</com:stateOrCountry>
          <com:zipCode>K1P 1A4</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>18000</noOfUnitsSold>
      <aggregateMarketValue>2878020</aggregateMarketValue>
      <noOfUnitsOutstanding>1222600912</noOfUnitsOutstanding>
      <approxSaleDate>12/10/2025</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
      <acquiredDate>11/14/2022</acquiredDate>
      <natureOfAcquisitionTransaction>Vesting of RSUs</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>2221</amountOfSecuritiesAcquired>
      <paymentDate>11/14/2022</paymentDate>
      <natureOfPayment>Vesting of RSUs</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
      <acquiredDate>11/28/2022</acquiredDate>
      <natureOfAcquisitionTransaction>Vesting of RSUs</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>11981</amountOfSecuritiesAcquired>
      <paymentDate>11/28/2022</paymentDate>
      <natureOfPayment>Vesting of RSUs</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
      <acquiredDate>12/05/2022</acquiredDate>
      <natureOfAcquisitionTransaction>Vesting of RSUs</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>2685</amountOfSecuritiesAcquired>
      <paymentDate>12/05/2022</paymentDate>
      <natureOfPayment>Vesting of RSUs</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
      <acquiredDate>12/05/2022</acquiredDate>
      <natureOfAcquisitionTransaction>Vesting of RSUs</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>1953</amountOfSecuritiesAcquired>
      <paymentDate>12/05/2022</paymentDate>
      <natureOfPayment>Vesting of RSUs</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Tobyn Shannan</name>
        <address>
          <com:street1>151 O'Connor St.</com:street1>
          <com:street2>Ground Floor</com:street2>
          <com:city>Ottawa</com:city>
          <com:stateOrCountry>A6</com:stateOrCountry>
          <com:zipCode>K2P 2L8</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
      <saleDate>12/09/2025</saleDate>
      <amountOfSecuritiesSold>389</amountOfSecuritiesSold>
      <grossProceeds>62662.3</grossProceeds>
    </securitiesSoldInPast3Months>
    <remarks>Aggregate market value calculated using December 9, 2025 closing price of $159.89 per share. Number of shares outstanding as of October 29, 2025. Shares for this sale were acquired via the vesting of RSUs from November 14, 2022 to December 5, 2022.</remarks>
    <noticeSignature>
      <noticeDate>12/10/2025</noticeDate>
      <signature>Toby Shannan</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
